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Stanford House and Terrace Lodge, King Street, Dawley, Telford, Shropshire, TF4 2AA

Guide Price
£950,000
Added on 26/05/2021
Lambert Smith Hampton, Auctions
PROPERTY TYPE
Block of Apartments
BEDROOMS
x23

Key features

  • Fully let residential investment
  • Total rent of £93,209 per annum
  • Offered at a significant discount to Vacant Possession Values

Property description

Tenure: Freehold

High Yielding Residential Investment

For Sale by Public Online Auction on 23/06/2021 12:00

Location
The property is located in Dawley, a popular, predominantly residential, suburb of Telford.

Situated to the south of the junciton of King Street and Captain web Drive, the property occupies a large 0.2 acre site with access on both east and west sides.

The property is approximately two minutes walking distance from Dawley High Street, which has a variety of retail and leisure amenities. Telford Town Centre is approximately 1.6 miles to the north.


Description
The property comprises two residential buildings with a total of seventeen flats (12 x one bed, 4 x two bed and 1 x three bed).

The accommodation is arranged across ground and first floors with access from both King Street and the car park to the rear. There are two internal courtyards providing outdoor amenity space for residents.

The flats are generally in good condition and are in keeping with standard sizes and specifications for the area. We consider the flats to be let at Market Rent.

Tenure
Freehold

Tenancy
The property is let on 17 separate Assured Shorthold Tenancy (AST) agreements producing a total rent of £93,209 per annum. Please see the tenancy schedule under "Related Documents" and the legal pack for more information.

Refer to the legal documentation

For further information please go to

Brochures

Property Summary ScheduleSite PlanFloorplans

Stanford House and Terrace Lodge, King Street, Dawley, Telford, Shropshire, TF4 2AA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Telford Central Station1.6 miles
  • Oakengates Station2.1 miles
  • Wellington Station3.3 miles
Mortgages
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Market information
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About the agent

Lambert Smith Hampton, Auctions

UK House, 180 Oxford Street, London, W1D 1NN

Lambert Smith Hampton, Auctions

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Disclaimer - Property reference 139236. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lambert Smith Hampton, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auctions on 020 8012 7784.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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